ECOWAS: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in ECOWAS

The ECOWAS market for float glass and surface ground or polished glass amounted to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Float Glass And Surface Ground or Polished Glass in ECOWAS

In value terms, production of float glass and surface ground or polished glass rose modestly to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in ECOWAS

In 2022, exports of float glass and surface ground or polished glass in ECOWAS surged to X square meters, rising by X% compared with the previous year's figure. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of float glass and surface ground or polished glass soared to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Nigeria represented the largest exporter of float glass and surface ground or polished glass in ECOWAS, with the volume of exports recording X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X square meters), making up an X% share of total exports.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Nigeria (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest float glass and surface ground or polished glass supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Nigeria, exports of float glass and surface ground or polished glass increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per square meter in 2022, rising by X% against the previous year. Overall, the export price posted a temperate expansion. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per square meter), while Ghana stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Imports of Float Glass And Surface Ground or Polished Glass

Imports in ECOWAS

In 2022, overseas purchases of float glass and surface ground or polished glass decreased by X% to X square meters, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass shrank modestly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Ghana was the largest importer of float glass and surface ground or polished glass in ECOWAS, with the volume of imports resulting at X square meters, which was approx. X% of total imports in 2022. Gambia (X square meters) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%), Guinea (X%), Sierra Leone (X%), Senegal (X%) and Benin (X%).

From 2012 to 2022, average annual rates of growth with regard to float glass and surface ground or polished glass imports into Ghana stood at X%. At the same time, Gambia (X%), Sierra Leone (X%), Senegal (X%), Cote d'Ivoire (X%), Guinea (X%) and Benin (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.), Gambia (X p.p.), Sierra Leone (X p.p.), Cote d'Ivoire (X p.p.), Senegal (X p.p.), Guinea (X p.p.) and Benin (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported float glass and surface ground or polished glass in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Gambia ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Gambia (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Cote d'Ivoire ($X per square meter) and Gambia ($X per square meter), while Ghana ($X per square meter) and Senegal ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform